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CONTENTS. Page Co-operative Rural Intermediate Credit Introductory .. .. .. .. 1 Associations—continued. Page Proposed Conference .. .. .. 26 Rural Intermediate Credit Act, 1927 .. 4 Relations with .. .. .. .. 20 List of Directors and Secretary-Treasurers .. 27 Rural Intermediate Credit Regulations .. 6 Amount of Loans granted . . .. .. 27 Administration or System Loans to Farmers without the Intervention Constitution of Board .. .. 6 °® Associations Meetings of Board and Local Committee .. 7 Method of Application .. .. . . 27 6 Development of Method .. .. .. 28 District Boards- Amount of Loans granted 30 Constitution and working .. .. .. 8 Meetings .. .. .. .. 8 Discounting— Changes in personnel .. .. .. 8 Nature of System .. .. .. .. 30 Companies adopting System .. .. .. 31 Local Administration 9 Volume of Business transacted .. .. 31 Administrative and Detail Work .. 10 Loans to Co-operative Societies .. .. 32 Publicity Work — Finance and Accounts— General .. .. .. .. 11 General .. .. .. .. 32 Publications .. .. .. 11 Accounts to 30th June, 1930 .. .. .. 32 Co-operation with Farmers' Union .. 12 Issue of Debentures .. .. .. .. 33 Distribution of Annual Report .. .. 12 Collection of Payments due by Borrowers .. 34 Articles published in Newspapers and Journals .. 12 Accounts of Associations .. .. .. 34 Conferences with Associations .. 13 Volume of Business .. .. .. .. 34 Addresses to Meetings .. .. 13 Valuations .. .. .. .. .. 34 General as to Loans — Nature of System .. .. .. .. 13 Supervision oe Securities .. .. .. 35 Securities over Land .. .. 15 Guarantees.. ........ 15 Pedigree and Stud Stock .. .. 16 Dairy Companies .. .. .. .. 37 Conditions on which Loans are granted .. 17 Sheep-farmers and Grain-growers: System for Instructions to Officers .. .. .. 38 " Limits" .. .. .. 19 Applications and Accounts .. .. .. 20 Inspection of Work .. .. .. 39 Legal Work .. .. .. .. 21 Interest and Discounting Rates .. 21 Conclusion .. .. .. .. 39 Co-operative Rural Intermediate Credit Appendix I —■ Associations— Comparative Statement of Transactions as at Nature of Associations .. .. ..21 31st August, 1928, and 31st August, 1929 .. 40 Preliminary Expenses .. .. 22 Payment of Expenses of Administration .. 23 Appendix II — Assistance rendered .. .. .. .. 24 List of Directors and Secretary-Treasurers of Formation of .. .. .. .. 25 Co-operative Rural Intermediate Credit AssoSupervision of Operations .. .. .. 25 ciations .. .. .. .. 40

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